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JMI Equity leads $2.5m round for Concorde Solutions

29 Apr 2014

software binary code computerBusiness analytics startup Concorde Solutions has raised a $2.5m round, which was led by new investor JMI Equity.

Existing backers Panoramic and Elderstreet also participated in the round, which will fund Concorde’s geographical expansion, sales programmes and product development.

The company’s main product is Core Control, which aggregates all of the software and licensing information available within an enterprise and provides data analytics.

Concorde Solutions CEO Martin Prendergast said, “The latest version of our Core Control software asset management platform was met with overwhelming acceptance with customers lauding the simple deployment, ease-of-management and enhanced analytics.

“The timing of this latest round of investment is perfect. We are seeing a dramatic increase in interest from customers and the market, especially in areas such as managing migration of software contracts to cloud services and monitoring cloud vendor performance.

“This new funding will allow us to bring new innovation to market faster, as well as grow our direct and channel strategies with extended geographical reach.”

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